Case Study
Overhauling lease accounting for a global automotive technology firm
Who We W orked With A global automotive technology company, dealing in advanced vehicle electronics, systems, and components, with over $14 billion in annual revenue. WhA t the C oMPANY Needed The company was struggling to comply with the new lease accounting standards ahead of the deadline due to decentralized, fragmented, and unreliable lease management and no documented process workflow. ho W We heLPed ? Implemented a market-leading enterprise lease management and accounting technology from LeaseAccelerator. ? Accelerated lease data collection and migration from 80 locations worldwide. ? Created a central online repository of all real-estate and non-real-estate lease agreements. WhA t the C oMPANY Got More efficient lease accounting, management, and reporting processes and enha